Strengthening Families & Communities LLC Sells 19,947 Shares of Invesco QQQ (NASDAQ:QQQ)

Strengthening Families & Communities LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 94.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,184 shares of the exchange traded fund’s stock after selling 19,947 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Invesco QQQ were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Axecap Investments LLC lifted its position in shares of Invesco QQQ by 1.0% during the 4th quarter. Axecap Investments LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,182,000 after acquiring an additional 22 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at $2,193,000. Essex Financial Services Inc. lifted its position in shares of Invesco QQQ by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 96,455 shares of the exchange traded fund’s stock valued at $49,311,000 after acquiring an additional 1,195 shares during the period. BostonPremier Wealth LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at $16,336,000. Finally, POM Investment Strategies LLC lifted its position in shares of Invesco QQQ by 0.5% during the 4th quarter. POM Investment Strategies LLC now owns 23,936 shares of the exchange traded fund’s stock valued at $12,237,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.2 %

Invesco QQQ stock opened at $529.25 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The firm’s fifty day moving average is $521.26 and its 200 day moving average is $495.90.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.